Setting a budget is a difficult exercise at the best of times. Even when money is plentiful, it is never unlimited, so tough choices have to be made. Now imagine 27 countries, all with their own of difficulties and preferences, having to decide about billions of euros for a seven-year period in the midst of the biggest economic crisis since the great depression.
The Security Council is the most prestigious of the UN's organs, charged with upholding the core value of the charter ("to save succeeding generations from the scourge of war"), yet clearly its current form is beyond broken, its composition a farce.
Whilst those harmed by Greece's actions must have some channel of recompense, by refusing to accept a denizen's right to determine their own governance the European community are engaging in a form of authoritarian economic imperialism.
By dressing up as Nazis, Greek protestors showed that, under pressure, states within the European Union revert back to suspicion and resentment of each other and historical grievances come to the surface.
With the current crisis, it is easy to forget how successful the EU has been in creating wealth and jobs for its member states. That is why countries have always been keen to join and why, even now, several are in the waiting room.
Only buffoonery, folks. Yet, the disturbing, crude impression that the Spanish government falls to pieces while the economy of the country reaches its last legs is growing plausible as the month goes by.
Today an armed conflict between Germany and France is unthinkable. For this achievement alone the EU deserves the Nobel Peace Prize.
Polls continue to show that voters prefer Mr Cameron as prime minister to Mr Miliband, but that they prefer Labour over the Conservatives. That might well change before the next election in 2015, but there is little to suggest that Mr Cameron's grand vision will be sufficient to persuade more voters to back his party.
If we are all going to be taking a larger stake in the restructuring of the European banking system, we have to do it right.
If we expect Europe's central bankers to find solutions to the increasingly desperate problems facing the eurozone, then they must be allowed to do so. Nagging fears that they are simply making it up as they go along must be pushed to the back of our minds.
That said, there have been a couple of positive developments for the global economy over the past month. First of all, the ECB's announcement of a bond-buying programme has buoyed sentiment by averting the prospect of an imminent collapse of the euro zone.
Of the main three sectors in a developed economy (services, manufacturing and construction) manufacturing is the one to show the signs of a slowdown first. The reason is simple; retailers and wholesalers cancel or reduce orders in the face of slowing consumer demand and work instead from stockpiles of goods.
Yet, as the lights came down on the final day of the 'greatest show on earth', I was left asking the uncomfortable question - what next for this great nation?
I won't lie. I was starting to give up on humanity. I was feeling generally miserable about recent reports of record amounts of melting ice in the Arctic, Mitt Romney's eternally moronic campaign in the US and our current situation of ever rising economic destruction and damning of human rights by the Coalition.
With full tanks, all systems checked and automatic launch sequence ignited, the European Parliament is ready for lift-off. MEPs achieved much in the first part of 2012 that will make a noticeable difference to the everyday life of ordinary citizens, such as lower roaming charges and killing off the controversial anti-counterfeiting agreement. However, there is much to be done in the months to come.
Portugal may well be the country where the eurozone's solidarity is put to the test. Patience with the Greek government's foot-dragging is wearing thin, but Portugal has done all that has been asked of it.